LOS ANGELES—Mack Urban and AECOM have officially broken ground on the $144-million mixed-use project announced last year. The land site for the project is part of a six-acre amalgam of sites that the joint venture purchased in October 2013 for $80 million, the largest land deal by acreage in Downtown Los Angeles since the recession. Along with the ground breaking, the developers have also teamed up with Capri Capital Partners on the project.

“Our vision is to create a thoughtful, walkable, desirable “community” in South Park, which has become one of the most desirable neighborhoods in Downtown Los Angeles,” John Gunn, managing director at Mack Urban, tells GlobeSt.com, adding, “We know and respect Capri and have worked with them before. We're committed to the same goals and we're a good fit.”

Located at 1230 South Olive Street and 1231 South Hill Street in the South Park district of Downtown Los Angeles, the two-building complex will have 362 units and 4,000 square feet of retail space, which will likely be occupied by a local restaurant. The 326 units will be a mix of one-, two- and three-bedroom apartments, which will have an average size of 716 square feet. The plans, which have been underway for 15 months, also include a park, a pool and spa with cabanas, barbeque areas, roof deck and community rooms, as well as a parking structure that can accommodate 438 cars with 40 electric charging stations and a 400-space bike storage room and shop.